Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: Nvidia and AMD reportedly agree to give US govt 15% of revenue from sales of advanced chips to China; Asian markets higher on hopes of US-China trade truce extension; Trump and Putin to meet in Alaska on Friday; Intel’s CEO Tan-Lip Bu to visit White House; Keppel to divest M1’s telco business to Simba Telecom; Thomson Medical Group to watch
Singapore shares fell today as investors continue to parse through more earnings and corporate developments out of the country.
The Straits Times Index was down 0.15% at 4,233.66 points at 12.23pm Singapore time, with a value turnover of S$700.74M seen in the broader market.
In terms of companies to watch, we have Keppel, after the group announced today its proposed divestment of M1’s telecommunications business to Simba Telecom for an enterprise value of around S$1.4 billion.
Elsewhere, from how Nvidia and AMD have reportedly agreed to give the US government 15 per cent of revenue from sales of advanced computer chips to China, to what to watch ahead of the US-China trade truce deadline – more corporate and international news remain in focus.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Chin Hui Leong, Co-founder, The Smart Investor.
